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Are there other ways for sportsman (or sportswomen) to hedge against their " incredibly undiversified, incredibly risky exposure to their own future earnings power" apart from traditional insurance contracts (i.e. loss of income, etc.) ?

Fantex seem to have provided the answer.

For more info on Fantex:

Fantex: Buy and Sell stock linked to the value of a pro athlete brand
It’s real stock, real money, and real athlete brands. Fantex is a marketplace, and the exclusive brokerage for all Fantex, Inc. securities.
Read more…

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